Same operandi, they issue make all sorts of share issue from esos to whatever entitlements to themselves. Then make pp to aet price trends. Retailers all think prices cannot go below pp but once listed, they all dumped from their cheap share holdings. And all kena at high level.
kasi bungkus...dont understand how these stocks are allowed to operate without consequences..genuine stocks are issued PN17 in a blink but these companies have made bursa malaysia's biggest casino for themselves... only thing i can think of is corruption among authorities
I followed this stock almost everyday since August 2020. Seen its ups and downs. The non stop self consoling analysis and hard prayers. The greed of vaccine and hardsell of some forumers here. After gloves and vaccine, it is bamboo sales. Then it is almost over, it is construction times. Now it is property story..
It is always the same story the need for justification to do a PP. Just as we hope prices will go up due to some juicy letter from Mosti, some joker dumped millions of shares. Simply they got at super cheap preferential shares. After dumping, you see all sorts of MOU and announcements, again justification of nice stories, hence share issuance coming out again. The milking cycle repeat itself.
Look at the prices pre Covid, it is 0.045 in Jan - Jul 2019. And prices started to creep up slowly to a high of 33 sen. And look at the timing of Directors resigning or selling their stake and new entrants of Steven Quah and Nur Jazlan. Lately the MD who is the founder himself sold off most of his shares..not forgetting most of the major shareholders too.
There's no need to condemn this counter, it is condemned already. Still there's a silver lining for those who dare...GE 15 is around the corner.
guys pls dont trust MOU signing. MOU signing trap all retailer. all related stock MOU signing pls do t trust. prefer signing contract then market boom.
this counter only knows how to collect money .. introduce more shares to the market .. but dunno what they do with the money. income without outcome .. price also cannot sustain. hope the management can improve and show some results. otherwise people will see them as purely conman.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
str4der
118 posts
Posted by str4der > 2021-03-17 12:18 | Report Abuse
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